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KeyCorp

LSE:0JQR
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0JQR
LSE
$17B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The last earnings update was 1 day ago. More info.


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0JQR Share Price and Events
7 Day Returns
2.9%
LSE:0JQR
2.3%
GB Banks
1.9%
GB Market
1 Year Returns
-13.8%
LSE:0JQR
-7.8%
GB Banks
2.5%
GB Market
0JQR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KeyCorp (0JQR) 2.9% -3.5% - -13.8% - -
GB Banks 2.3% 3.6% 4.4% -7.8% 16.1% -12.3%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • 0JQR underperformed the Banks industry which returned -7.8% over the past year.
  • 0JQR underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
0JQR
Industry
5yr Volatility vs Market

Value

 Is KeyCorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of KeyCorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for KeyCorp.

LSE:0JQR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= $15.66 * 12.7%
$1.99
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. $15.66
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0JQR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (88.84%))
1.006
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.006 * 5.96%)
7.22%

Discounted Cash Flow Calculation for LSE:0JQR using Excess Returns Model Model

The calculations below outline how an intrinsic value for KeyCorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0JQR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 7.22%) * $15.66)
$0.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.86 / (7.22% - 1.23%)
$14.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.66 + $14.36
$30.02
LSE:0JQR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0JQR represents 1.00357x of NYSE:KEY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00357x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 30.02 x 1.00357
$30.12
Value per share (USD) From above. $30.12
Current discount Discount to share price of $16.85
= -1 x ($16.85 - $30.12) / $30.12
44.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price KeyCorp is available for.
Intrinsic value
44%
Share price is $16.85 vs Future cash flow value of $30.12
Current Discount Checks
For KeyCorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KeyCorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KeyCorp's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for KeyCorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KeyCorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0JQR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.73
NYSE:KEY Share Price ** NYSE (2019-04-15) in USD $16.79
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of KeyCorp.

LSE:0JQR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KEY Share Price ÷ EPS (both in USD)

= 16.79 ÷ 1.73

9.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KeyCorp is good value based on earnings compared to the GB Banks industry average.
  • KeyCorp is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does KeyCorp's expected growth come at a high price?
Raw Data
LSE:0JQR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
3.6%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:0JQR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.72x ÷ 3.6%

2.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KeyCorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KeyCorp's assets?
Raw Data
LSE:0JQR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.29
NYSE:KEY Share Price * NYSE (2019-04-15) in USD $16.79
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
LSE:0JQR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KEY Share Price ÷ Book Value per Share (both in USD)

= 16.79 ÷ 14.29

1.18x

* Primary Listing of KeyCorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KeyCorp is overvalued based on assets compared to the GB Banks industry average.
X
Value checks
We assess KeyCorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. KeyCorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is KeyCorp expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KeyCorp expected to grow at an attractive rate?
  • KeyCorp's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • KeyCorp's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • KeyCorp's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0JQR Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0JQR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 3.6%
LSE:0JQR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 3.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0JQR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0JQR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,866 1,955 3
2020-12-31 6,771 1,887 14
2019-12-31 6,512 1,820 7
LSE:0JQR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 6,145 1,777
2018-12-31 6,178 2,506 1,793
2018-09-30 6,137 1,530 1,515
2018-06-30 6,093 2,812 1,396
2018-03-31 6,078 2,009 1,325
2017-12-31 6,026 1,815 1,219
2017-09-30 5,962 1,908 1,251
2017-06-30 5,755 376 1,067
2017-03-31 5,213 911 867
2016-12-31 4,724 1,689 753
2016-09-30 4,288 1,742 764
2016-06-30 4,022 1,796 815

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KeyCorp's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • KeyCorp's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0JQR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from KeyCorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0JQR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.13 2.23 2.05 4.00
2020-12-31 1.97 2.15 1.80 21.00
2019-12-31 1.82 1.86 1.76 22.00
LSE:0JQR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.73
2018-12-31 1.72
2018-09-30 1.44
2018-06-30 1.32
2018-03-31 1.24
2017-12-31 1.14
2017-09-30 1.17
2017-06-30 1.01
2017-03-31 0.88
2016-12-31 0.81
2016-09-30 0.88
2016-06-30 0.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • KeyCorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KeyCorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
KeyCorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has KeyCorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare KeyCorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • KeyCorp's year on year earnings growth rate has been positive over the past 5 years.
  • KeyCorp's 1-year earnings growth exceeds its 5-year average (34.1% vs 14.9%)
  • KeyCorp's earnings growth has not exceeded the GB Banks industry average in the past year (34.1% vs 42.2%).
Earnings and Revenue History
KeyCorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from KeyCorp Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0JQR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,145.00 1,777.00 3,241.00
2018-12-31 6,178.00 1,793.00 3,295.00
2018-09-30 6,137.00 1,515.00 3,199.00
2018-06-30 6,093.00 1,396.00 3,210.00
2018-03-31 6,078.00 1,325.00 3,232.00
2017-12-31 6,026.00 1,219.00 3,331.00
2017-09-30 5,962.00 1,251.00 3,276.00
2017-06-30 5,755.00 1,067.00 3,139.00
2017-03-31 5,213.00 867.00 2,867.00
2016-12-31 4,724.00 753.00 3,056.00
2016-09-30 4,288.00 764.00 2,476.00
2016-06-30 4,022.00 815.00 2,389.00
2016-03-31 4,035.00 852.00 2,408.00
2015-12-31 4,062.00 892.00 2,400.00
2015-09-30 4,095.00 914.00 2,378.00
2015-06-30 4,027.00 895.00 2,352.00
2015-03-31 4,012.00 907.00 2,326.00
2014-12-31 4,033.00 917.00 2,331.00
2014-09-30 3,998.00 900.00 2,336.00
2014-06-30 4,036.00 932.00 2,323.00
2014-03-31 4,002.00 883.00 2,359.00
2013-12-31 3,953.00 847.00 2,358.00
2013-09-30 3,904.00 808.00 2,388.00
2013-06-30 3,845.00 790.00 2,418.00
2013-03-31 3,857.00 814.00 2,395.00
2012-12-31 3,891.00 813.00 2,397.00
2012-09-30 3,847.00 824.00 2,360.00
2012-06-30 3,942.00 842.00 2,364.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • KeyCorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KeyCorp used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if KeyCorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess KeyCorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
KeyCorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is KeyCorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of KeyCorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from KeyCorp Company Filings, last reported 2 weeks ago.

LSE:0JQR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 15,926.00 15,113.00 1,590.00
2018-12-31 15,596.00 14,981.00 1,695.00
2018-09-30 15,210.00 16,214.00 2,032.00
2018-06-30 15,102.00 16,585.00 2,366.00
2018-03-31 14,946.00 15,498.00 2,046.00
2017-12-31 15,025.00 15,635.00 2,176.00
2017-09-30 15,250.00 16,320.00 1,978.00
2017-06-30 15,255.00 16,273.00 2,329.00
2017-03-31 14,978.00 13,964.00 2,052.00
2016-12-31 15,240.00 15,330.00 2,350.00
2016-09-30 14,998.00 14,887.00 2,988.00
2016-06-30 11,318.00 13,186.00 2,696.00
2016-03-31 11,071.00 12,539.00 2,307.00
2015-12-31 10,759.00 11,721.00 2,015.00
2015-09-30 10,717.00 12,070.00 2,078.00
2015-06-30 10,601.00 11,799.00 1,906.00
2015-03-31 10,613.00 10,663.00 2,028.00
2014-12-31 10,542.00 9,657.00 2,015.00
2014-09-30 10,503.00 9,209.00 2,035.00
2014-06-30 10,521.00 10,398.00 2,583.00
2014-03-31 10,419.00 10,001.00 2,118.00
2013-12-31 10,320.00 9,941.00 2,109.00
2013-09-30 10,236.00 8,525.00 2,545.00
2013-06-30 10,261.00 9,067.00 2,083.00
2013-03-31 10,379.00 10,637.00 2,242.00
2012-12-31 10,309.00 9,327.00 2,153.00
2012-09-30 10,279.00 8,910.00 2,702.00
2012-06-30 10,176.00 10,362.00 2,214.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • KeyCorp has an acceptable proportion of non-loan assets held.
  • KeyCorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at KeyCorp are broadly funded by customer deposits.
  • KeyCorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • KeyCorp has a sufficient allowance for bad loans.
  • KeyCorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess KeyCorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. KeyCorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is KeyCorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.05%
Current annual income from KeyCorp dividends. Estimated to be 4.82% next year.
If you bought $2,000 of KeyCorp shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • KeyCorp's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • KeyCorp's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0JQR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0JQR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.91 5.00
2020-12-31 0.83 20.00
2019-12-31 0.71 9.00
LSE:0JQR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-10 0.680 4.063
2018-11-15 0.680 4.212
2018-07-11 0.680 3.411
2018-05-09 0.480 2.383
2018-01-11 0.420 2.047
2017-11-16 0.420 2.143
2017-07-12 0.380 2.099
2017-05-17 0.380 2.076
2017-01-12 0.340 1.870
2016-11-17 0.340 1.891
2016-07-13 0.340 2.686
2016-05-19 0.340 2.878
2016-05-05 0.340 2.838
2016-04-21 0.340 2.760
2016-01-14 0.300 2.711
2015-11-19 0.300 2.330
2015-07-09 0.300 2.190
2015-05-13 0.300 1.992
2015-05-05 0.300 2.051
2015-04-16 0.300 2.092
2015-01-15 0.260 1.872
2014-11-14 0.260 1.938
2014-07-11 0.260 1.942
2014-04-21 0.260 1.875
2014-04-17 0.260 1.917
2014-01-16 0.220 1.638
2013-11-21 0.220 1.667
2013-07-12 0.220 1.814
2013-05-16 0.220 2.021
2013-05-01 0.220 2.143
2013-04-18 0.220 2.272
2013-01-17 0.200 2.079
2012-11-15 0.200 2.373
2012-07-13 0.200 2.382
2012-05-17 0.200 2.684
2012-01-19 0.120 1.485
2011-11-17 0.120 1.608
2011-07-22 0.120 1.787
2011-05-19 0.120 1.468
2011-01-20 0.040 0.450
2010-11-19 0.040 0.480
2010-07-16 0.040 0.496
2010-05-20 0.040 0.501
2010-01-14 0.040 0.523
2009-11-19 0.040 0.674
2009-07-20 0.040 0.657
2009-05-22 0.040 0.756
2009-05-11 0.040 0.694
2009-04-21 0.040 0.614
2009-04-20 0.250 3.462

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of KeyCorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess KeyCorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can KeyCorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KeyCorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of KeyCorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Beth Mooney
COMPENSATION $9,064,470
AGE 63
TENURE AS CEO 7.9 years
CEO Bio

Ms. Beth E. Mooney has been the Chairman and Chief Executive Officer of KeyCorp. since May 1, 2011 and serves as its President. Ms. Mooney serves as the Chief Executive Officer of KeyBank National Association. She served as the Chief Operating Officer at KeyCorp from November 2010 to May 1, 2011 and also served as its Vice Chairman since April 2006. She served as Head of Key Community Banking of KeyCorp since April 2006 and leads its Business Banking, Wealth Management, Private Banking, Key Investment Services and KeyBank Mortgage. She served as Senior Executive Vice President of Regions Financial Corporation and its subsidiary, Amsouth Bank since June 2000. She joined KeyCorp in April 2006. She has over 30 years of experience in retail banking, commercial lending and real estate financing. She served as the Chief Financial Officer and Head of finance at AmSouth Bancorporation and its subsidiary Amsouth bank from February 2004 to April 4, 2006. She served as a Member of Management Board of Regions Financial Corporation. She served as Head of Finance and Credit Group of AmSouth Bank since February 2004. She served as Group Head of Tennessee and North Louisiana Banking Group from June 2000 to February 2004 of AmSouth and AmSouth Bank. At Bank One, she served as Regional President in Akron and Dayton and served as President from June 1999 to June 2000 of Bank One Ohio, NA and Chief Operating Officer from June 1998 to June 1999 of DPL Inc., electric public utility. She also completed other line assignments of increasing responsibility at Bank One Corporation, CitiCorp. Real Estate Inc., Hall Financial Group and Republic Bank of Texas/First Republic. Ms. Mooney has been a Director of KeyCorp. since November 18, 2010. She serves as Board Chairman of Neighborhood Progress Inc. She serves as Vice Chairman of Keybank National Association. She has been Independent Director of AT&T Inc. since September 2013 and Greater Cleveland Partnership since April 2014. She serves as a Trustee on the Boards of the Musical Arts Association, Cleveland Clinic Foundation, Village Capital Corporation and a Member of The Financial Services Roundtable. While working in Ohio, Ms. Mooney served on the Boards of numerous civic and community organizations, including the Ohio Foundation of Independent Colleges, Ballet Met and the Miami Valley Economic Development Coalition, among others. She was similarly involved in community and civic work in Nashville and Birmingham. In 2006, USBanker magazine listed her as fifth among the nation's top ten banking Chief Financial Officers. She received the YWCA Women of Achievement Award in 2008 and was recognized in USBanker's "The 25 Most Powerful Women in Banking" editions in 2005, 2006, 2007 and 2008. She was selected as one of the 2007-2008 Distinguished Alumni recipients from the Cox School of Business at Southern Methodist University. Ms. Mooney received her B.A. in history from the University of Texas in 1977 and received her Master of Business Administration Degree from Southern Methodist University in 1983.

CEO Compensation
  • Beth's compensation has been consistent with company performance over the past year.
  • Beth's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the KeyCorp management team in years:

6.4
Average Tenure
56
Average Age
  • The average tenure for the KeyCorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Beth Mooney

TITLE
Chairman
COMPENSATION
$9M
AGE
63
TENURE
7.9 yrs

Don Kimble

TITLE
Vice Chairman & CFO
COMPENSATION
$3M
AGE
58
TENURE
5.8 yrs

Chris Gorman

TITLE
President of Banking & Vice Chairman
COMPENSATION
$5M
AGE
57
TENURE
17.3 yrs

Randy Paine

TITLE
Executive VP & President of Key Institutional Bank
COMPENSATION
$4M
AGE
48
TENURE
2.7 yrs

Mark Midkiff

TITLE
Chief Risk Officer & Executive Officer
COMPENSATION
$3M
AGE
56
TENURE
1.3 yrs

Doug Schosser

TITLE
Chief Accounting Officer & Executive Officer
AGE
48
TENURE
3.9 yrs

Amy Brady

TITLE
Chief Information Officer & Executive VP
COMPENSATION
$3M
AGE
51
TENURE
6.9 yrs

Vern Patterson

TITLE
Executive Vice President of Investor Relations
TENURE
22.3 yrs

Paul Harris

TITLE
Secretary & General Counsel
AGE
59
TENURE
16.3 yrs

Brian Fishel

TITLE
Chief Human Resource Officer & Executive VP
AGE
52
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the KeyCorp board of directors in years:

8.8
Average Tenure
63
Average Age
  • The tenure for the KeyCorp board of directors is about average.
Board of Directors

Beth Mooney

TITLE
Chairman
COMPENSATION
$9M
AGE
63
TENURE
7.9 yrs

Sandy Cutler

TITLE
Independent Lead Director
COMPENSATION
$250K
AGE
67

Betsy Gile

TITLE
Director
COMPENSATION
$230K
AGE
62
TENURE
9.1 yrs

Charlie Cooley

TITLE
Director
COMPENSATION
$230K
AGE
62
TENURE
7.4 yrs

Bill Gisel

TITLE
Director
COMPENSATION
$215K
AGE
65
TENURE
7.4 yrs

H. Dallas

TITLE
Director
COMPENSATION
$210K
AGE
59
TENURE
13.9 yrs

Kris Manos

TITLE
Director
COMPENSATION
$210K
AGE
58
TENURE
9.9 yrs

Ruth Ann Gillis

TITLE
Director
COMPENSATION
$210K
AGE
63
TENURE
9.4 yrs

Barbara Snyder

TITLE
Director
COMPENSATION
$200K
AGE
63
TENURE
8.8 yrs

Dick Hipple

TITLE
Director
COMPENSATION
$210K
AGE
65
TENURE
6.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Nov 18 Buy Donald Kimble Individual 02. Nov 18 02. Nov 18 5,000 $18.55 $92,750
05. Nov 18 Buy Beth Mooney Individual 01. Nov 18 01. Nov 18 10,000 $18.26 $182,600
20. Aug 18 Sell Douglas Schosser Individual 16. Aug 18 16. Aug 18 -6,048 $21.49 $-129,972
14. Aug 18 Sell Edward Burke Individual 10. Aug 18 10. Aug 18 -46,360 $21.32 $-988,395
27. Jul 18 Sell Christopher Gorman Individual 25. Jul 18 25. Jul 18 -288,546 $20.80 $-6,001,757
25. Jul 18 Sell Katrina Evans Individual 23. Jul 18 23. Jul 18 -13,795 $20.62 $-284,453
25. Jul 18 Buy H. Dallas Individual 23. Jul 18 23. Jul 18 9,610 $20.81 $199,984
17. May 18 Sell Amy Brady Individual 15. May 18 15. May 18 -24,607 $20.50 $-504,444
10. May 18 Sell Edward Burke Individual 08. May 18 08. May 18 -10,000 $19.83 $-198,300
X
Management checks
We assess KeyCorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. KeyCorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients. In addition, this segment provides deposits, investment and credit products, and business advisory services to small businesses; and commercial lending, cash management, equipment leasing, and investment products, as well as employee benefit programs, succession planning, capital market access, derivatives, and foreign exchange services to mid-sized businesses. Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans for middle market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. The company also offers securities underwriting, investment banking, and brokerage services. As of December 31, 2018, it offered its products and services through 1,159 retail banking branches and 1,505 automated teller machines in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

Details
Name: KeyCorp
0JQR
Exchange: LSE
Founded: 1849
$17,011,392,940
1,013,186,000
Website: http://www.key.com
Address: KeyCorp
127 Public Square,
Cleveland,
Ohio, 44114,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KEY Common Shares New York Stock Exchange US USD 02. Jan 1980
DB KEY Common Shares Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0JQR Common Shares London Stock Exchange GB USD 02. Jan 1980
NYSE KEY.PRI DEP SHS 1/40 E New York Stock Exchange US USD 06. Dec 2016
NYSE KEY.PRJ DEP SHS PFD F New York Stock Exchange US USD 24. Jul 2018
Number of employees
Current staff
Staff numbers
17,554
KeyCorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:19
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.